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Filing year 2024

THE FRANK AND MARGARET RACE FOUNDATION INC

Cedar Rapids, Iowa·EIN 42-0925360·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$275k
Total assets
$3.1M
Total expenses
$98k
Reported officers
5

Reported officers (all unpaid)

No paid executives reported in 2024. THE FRANK AND MARGARET RACE FOUNDATION INC reported 5 unpaid officers and board members on its 990-PF.

President
Sec'y/treas
Board Member
Board Member
Board Member

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$60k

Itemized grants

7

Median grant

$8k

RecipientLocationPurposeAmount
ALL NATIONS FAMILYGRANDVIEW, MOGENERAL SUPPORT$12k
STANDING STONE MINISTRYNEWPORT BEACH, CAPASTORAL COUNSELING$12k
YWAMGARDEN VALLEY, TXGENERAL SUPPORT$12k
PIONEER BIBLE TRANSLATORSMANHATTAN, KSBIBLE TRANSLATION$8k
ONE FOR ISRAELGRAPEVINE, TXGENERAL SUPPORT$7k
PREBORN ABORTION ALTERNATIVEINDIANAPOLIS, INGENERAL SUPPORT$5k
CHRISTIAN CHURCH OF ESTES PARKESTES PARK, COGENERAL SUPPORT$4k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE FRANK AND MARGARET RACE FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$55k
$91k
2023
$275k
$98k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Iowa

THE FRANK AND MARGARET RACE FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Iowa earns a median of $9,846.

25th percentile
$2k
Median
$9,846
75th percentile
$52k
90th percentile
$140k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 312 organizations across 312 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Iowa
FAQ

Common questions about THE FRANK AND MARGARET RACE FOUNDATION INC

What are THE FRANK AND MARGARET RACE FOUNDATION INC's revenue and expenses?

In 2024, THE FRANK AND MARGARET RACE FOUNDATION INC reported $275k in total revenue and $98k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.